ChamakUp

Chamak means a glint of light, and ChamakUp is built so nothing about the account is left in shadow. One assessment settles the limit; after that, what is approved, what is in use, and what a draw will cost are all out in the open.
An untouched limit costs nothing to keep. Interest starts when funds are drawn and runs only for the days they stay unpaid, so the size of the draw and the length of time are both in your hands.
Key Features
Nothing Left in the Dark
Approved limit, live usage, and billing history share one page, so the state of the account can be read without opening anything else.
Draw What the Moment Calls For
Choose the exact share of the approved limit that the situation needs. Credit is already in place, so there is no second form and no trip to make.
Clear Pricing Before You Agree
Every rate, every fee, and every condition is stated in ordinary language before a draw goes through. The figure shown is the figure owed.
Unused Credit, Unbilled
Holding a limit open costs nothing at all. Charges appear only against funds that have been drawn, for the days those funds remain out.
Safe at Every Handoff
Encryption end to end and authentication at several points keep personal and financial information from reaching anyone but you.
Credit Line Details
- Credit Line Range: INR 3,000 – INR 50,000
- Minimum Loan Term: 91 days
- Daily Usage Rate: up to 0.065% per day
- Maximum Annualized Rate (APR): up to 23.73%
Clearing what is outstanding puts the limit back at its full approved value, available again according to the condition of the account at that moment.
Cost Illustration
The example that follows shows a daily rate accumulating over a representative length of use.
- Amount Drawn: INR 10,000
- Daily Rate: 0.065%
- Usage Period: 100 days
Cost Breakdown
INR 10,000 × 0.065% × 100 days = INR 650
Total Repayment: INR 10,650
Interest runs daily against the unpaid balance. Taking less, finishing sooner, or paying part of it along the way will each bring the final sum down.
Eligibility Requirements
- Be at least 18 years of age — Under Indian law, a credit agreement can be entered into only after a person turns 18.
- Hold a valid government-issued ID document — Verification requires a current credential issued by an Indian authority, including Aadhaar, PAN, Passport, or an equivalent.
- Pass ChamakUp's eligibility assessment — An automated and impartial review determines whether the submitted profile meets our credit standards before access is granted.
Customer Support
Our team is reachable from the opening of the account right through to the last payment, and every message is read by someone familiar with the service.
Customer service email: support@chamakup.com

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